840 El Camino Real Millbrae, CA 94030

Building Details

Year Built

1952

Listing agency Keller Williams Thrive e***@hotmail.com Show Phone

Listed by Edward Tseng · License #02013904 Show Phone

Source Exitrealty

Added: Jun 26 Updated: Jul 21 at 4:17AM Checked: Jul 21 at 4:17AM

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Investment Insights

Based on property information with market context.

This well-maintained 6-unit multifamily property features six oversized studio units, each approximately 700–750 SF. The building is fully occupied, generating approximately $147,000 in annual gross rental income and nearly $90,000 in annual NOI, reflecting an approximately 3.9% current cap rate. Tenants pay their own PG&E, supporting lower operating expenses. One unit is currently rented below market value.

Located along El Camino Real in Millbrae, the property offers convenient access to BART, Caltrain, SFO, and Highways 101 and 280, with nearby shopping, dining, and major Peninsula employment centers.

The configuration and in-place occupancy make this property well-suited for buyers seeking stable rental income and the opportunity to address under-market rent within the existing unit mix.

Key Highlights

• 6‑unit multifamily property built in 1952 with fully occupied studio units
• Each oversized studio is approximately 700–750 SF
• Approx. $147,000 annual gross rental income and nearly $90,000 annual NOI

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FAQs

What type of property is this?

Apartment building - Fully occupied 6-unit multifamily property with studio layouts and tenant-paid PG&E.

Where is this apartment building located?

The property is located at 840 El Camino Real Millbrae, CA.

What is the asking price?

The asking price for this property is $2,288,888.

What are key features of this property?

This property features: 6‑unit multifamily property built in 1952 with fully occupied studio units; Each oversized studio is approximately 700–750 SF; Approx. $147,000 annual gross rental income and nearly $90,000 annual NOI